News
JV Secures $251M for NYC Condo Project
CB Developers, SK Development and Ironstate Development are constructing 646 11th Ave. in the Hell’s Kitchen neighborhood. When completed, the community will include 222 condos and 60 for-sale storage units.
Aeon Acquires MN Affordable Community
The purchase of the 118 apartment homes in Little Canada was a joint venture which also included the NOAH Impact Fund of Greater Minnesota Housing Fund.
Eyzenberg Facilitates $14M Loan for 2 AL Assets
Blue Magma Residential and Auerbach Opportunity Fund I purchased the 223-unit Hillside Village and the 152-unit Twickenham Village, both located in Huntsville.
3 Creative Collaborations Driving the Business of Design
For 50 years NeoCon has been influencing workplace design through new product introductions. This year saw many new and strategic partnerships.
NexMetro Sells First Phoenix-Area Community
Avilla Palm is a hybrid development, with the physical separation and private backyards of single-family homes and the centralized management of multifamily assets.
Blaze, True North Acquire Charlotte Property
The 210-unit Galleria Village Apartments marks the partners’ second purchase in the Charlotte area. The community offers access to a swimming pool, a car-care center and a clubhouse.
Multifamily Community With 753 Units Trades in Indianapolis
Shamrock Communities sold The Cottages of Fall Creek to Pepper Pike Capital Partners. The new ownership will make a significant capital investment in the asset.
Resident Credit Scores Improve: TransUnion
The company found a year-over-year increase. Not only has employment continued to bolster the apartment market but wages, especially in growth sectors such as technology and professional services, have shown signs of growth.
Affordable Dallas Property Lands Refi
The 240-unit community, constructed between 1968 and 1976, includes 202 income-restricted apartments. The owner purchased the property in late 2016.
What’s in Store for the Apartment Industry
While demand for multifamily housing remains strong, the sector faces a number of challenges, according to multifamily experts speaking at the National Association of Real Estate Editors annual real-estate journalism conference in Las Vegas.